HomeMy Public PortalAbout07-02-2001 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND,INDIANA,SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER&LIGHT PLANT
MONDAY,JULY 2,2001
The Common Council of the City of Richmond,Indiana,serving as a Board in charge of the operations of the
Richmond Power&Light Plant met in regular session at 7 p.m.Monday,July 2,2001 in the Council Chambers in the
Municipal Building in said City.Chairperson Phil Dickman presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Bruce Wissel,Karl Sharp,Bing Welch,Larry Parker,Paul Combs and Sarah"Sally"
Hutton.Etta J.Lundy was absent.The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
•
The minutes of the meeting of June 25,2001 were not available.
APPROVAL OF BILLS,INVESTMENTS AND TRANSFERS
Upon recommendation of the Finance Committee,Councilmember Hutton moved to approve the following bills for
payment,seconded by Councilmember Combs and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $258,586.27
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund
Group Insurance Fund
Total $ 258,586.27
Telecommunications Division Investments Purchased From:
Cash Operating Fund
Transfer from Cash Operating Fund to:
Cash Reserve Fund for Payment
To City in lieu of taxes
Transfer from Cash Operating Fund to:
Depreciation Reserve Fund
For Property&Plant
Transfers from Depreciation Reserve to:
Cash Operating Fund
Transfers from Consumer Deposit to:
Cash Operating Fund
Transfers from Utility Bond Reserve Fund to:
Bond Sinking Fund
Transfers from Cash Operating to: •
Interest and Bond Principal
Bond Sinking Fund
Cash Reserve Fund
Utility Bond Sinking Fund
Depreciation Reserve Fund
Insurance Reserve Fund
Consumer Deposit Fund
Interest and Bond Principal
End of Month Petty Cash
Revenue Bonds
Interest Coupons Redeemed
Interest Coupons Redeemed
Bond Coupons
Miscellaneous Prepaid Invoices $ 167,247.82
Miscellaneous Prepaid Inv.Telecom: .00 •
Total Prepaid Invoices: 428,834.09
Total EFT/Direct Deposit of Payroll: (83,714.80)
Total Prepaid Invoices: 343,119.29
Total EFT Transfers: 1,312,348.44
Total Prepaids plus EFT Transfers: 1,655,467.73
Total Bills Not Paid: 768,866.76
Grand Total of Bills to be approved: $2,424,334.49
RP&L Minutes Cont'd
July 2,2001
Page 2
REMARKS BY CHAIRPERSON
Chairperson Dickman had no comments.
UNFINISHED BUSINESS
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said he had two petitions for street lights which he had already turned in to RP&L.He said
they are for the Kuhlman Center on Salisbury Road and the cul-de-sac on South West 1 s` Street where new homes are
being built.
REPORT BY GENERAL MANAGER
General Manager David Osburn presented the proof of publication for the 2001 4-Wheel Drive Extended Cab Pickup
Truck and Councilmember Welch moved to accept that and place it on file,second by Councilmember Sharp and the
motion was carried on a voice vote.Opening the bids,Osburn said the first was from Victory Chevrolet for$23,973
less$500 for trade in leaving a net total of$23,473;the second was from Fred First Ford for$23,996 less$500 less
trade in,leaving a net total of$23,496;and the last from Studebaker Buick GMC for$24,662 less$500 for the trade in,
leaving a net total of$24,162.Osburn said all three contained bid bonds and the first two had some exceptions listed
which would affect the final price after they've been reviewed.
In answer to a question by Councilmember Parker,Osburn said the trade-in is a small pickup and is fairly old and well
beat up but he doesn't remember the exact year.
Councilmember Welch moved to refer the bids to the General Manager for evaluation,tabulation and recommendation,
second by Councilmember Parker and the motion was carried on a voice vote.
Osburn reminded the Board that there is an executive session at the RP&L offices at 7 p.m.Monday,July 23,to
review some contract changes.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:10 p.m.
Phil Dickman,Chairperson
ATTEST:
Norma Schroeder,Clerk